IFRS Foundation

The IFRS Foundation is an independent organization that develops and promotes International Financial Reporting Standards (IFRS). These standards are guidelines that help companies prepare their financial statements, ensuring consistency and transparency across different countries. By having a common set of rules, investors, regulators, and other stakeholders can better compare and understand financial information from various businesses globally. The foundation aims to improve the quality and comparability of financial reporting, ultimately fostering trust and efficiency in financial markets.